Top management team configurations and IPO performance in new ventures
Type
conference paper
Date Issued
2022-09-20
Author(s)
Abstract
Prior research on the relationship between top management team (TMT) composition and firm performance has not been able to fully capture the combined influence of simultaneously present TMT characteristics in different contexts. We analyze the joint necessity and sufficiency of TMT heterogeneity and knowledge stock in 2,295 new ventures that went public on North American stock exchanges between 1990 and 2010. Our findings reveal equifinal configurations for high and low performance in Initial Public Offerings (IPOs), complements and substitutes, and the role of internal and external contingencies. Our study contributes to research on upper echelons, new venture teams, and IPOs.
Language
English
Keywords
top management teams
IPO
TMT characteristics
fuzzy set QCA
HSG Classification
contribution to scientific community
HSG Profile Area
Global Center for Entrepreneurship + Innovation
Book title
TMTs: Composition, Cognition, Behavior, and Process
Publisher
SMS Strategic Management Society
Publisher place
Chicago, IL
Pages
7
Event Title
Strategic Management Society (SMS) 42nd Annual International Conference
Event Location
London
Event Date
17.-20.09.2022
Subject(s)
Division(s)
Eprints ID
267570